New Issue: RBC prices $2.35 million return optimization securities tied to S&P 500

By Toni Weeks

San Diego, May 30 - Royal Bank of Canada priced $2.35 million of 0% return optimization securities due June 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 17.1%.

Investors will be fully exposed to any losses.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$2,345,400
Maturity:	June 28, 2013
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at 17.1%; full exposure to losses
Initial level:	1,317.82
Pricing date:	May 25
Settlement date:	May 31
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%
Cusip:	78008C473

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